What is one reason a gift card might be less desirable than cash?
A) A gift card requires an individual to purchase from a particular store, which restricts the choice set.
B) Cash requires an individual to purchase from a particular country, which restricts the choice set.
C) Cash and the gift card are equally desirable, there is no problem here.
D) Gift cards are easier to steal or lose relative to cash.
A
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If the long-run real interest rate falls, ________
A) unemployment increases B) investment by firms decreases C) the demand for loans decreases D) investment by firms increases
Last Tuesday you purchased 100 shares of Jitters Coffee Company, a corporation, for $25.00 per share. Unfortunately, the company went bankrupt later that same day
If the company still owed $1 million in debts after all assets have been liquidated and there are 1 million stockholders, what would be your personal loss from the remaining debt? A) $0 B) $1.00 C) $100.00 D) $1 million